8-K
Ainos, Inc. (AIMD)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Dateof Report (Date of earliest event reported): March 12, 2025
| AINOS, INC. | ||
|---|---|---|
| (Exact name of registrant as specified in its charter) | ||
| Texas | 001-41461 | 75-1974352 |
| --- | --- | --- |
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
8880Rio San Diego Drive, Ste. 800, San Diego, CA 92108
(858)869-2986
(Address and telephone number, including area code, of registrant’s principal executive offices)
Securities
registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock, par value $0.01 per share | AIMD | The<br> Nasdaq Stock Market LLC |
| Warrants<br> to purchase Common Stock | AIMDW | The<br> Nasdaq Stock Market LLC |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item1.01. Entry Into a Material Definitive Agreement.
As previously reported, on March 13, 2023, Ainos, Inc., a Texas corporation (“Ainos”, “we” or the “Company”), entered into a Convertible Note Purchase Agreement, dated as of March 13, 2023 (the “Agreement”), with Li-Kuo Lee, in the principal amount of $1,000,000 (the “Principal Amount”). Pursuant to the Agreement, the Company issued a Convertible Promissory Note to Li-Kuo Lee in the Principal Amount (the “Convertible Note”). The Principal Amount and six percent (6%) compounded interest of the Convertible Note is payable in cash on or before two (2) years from the effective date of the Convertible Note. If not earlier repaid, at the election of the Purchaser, the Convertible Note will be converted into shares of common stock, $0.01 par value per share of the Company, or such other securities or property for which the Convertible Note may become convertible, at a conversion price of One Dollar and Fifty Cents ($1.50) (adjusted to $7.50 following the 1-for-5 reverse stock split of the Company’s common stock on December 14, 2023), subject to certain adjustments described in Section 2(b) of the Convertible Note.
On March 12, 2025, the Company entered into an amendment to the Convertible Note (the “Convertible Note Amendment”) with Li-Kuo Lee to extend the maturity date to May 13, 2025.
The foregoing description of the Convertible Note Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Convertible Note Amendment, a form of which is filed with this current report on Form 8-K as Exhibit 10.1 and is hereby incorporated herein by reference.
Item9.01 Exhibits.
| Exhibit Number | Exhibit |
|---|---|
| 10.1 | Amendment to Convertible Promissory Note, dated March 12, 2025, by and between Ainos, Inc. and Li-Kuo Lee. |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ainos, Inc. | ||
|---|---|---|
| Date:<br> March 14, 2025 | By: | /s/ Chun-Hsien Tsai |
| Name: | Chun-Hsien Tsai | |
| Title: | Chief Executive Officer |
Exhibit10.1
AMENDMENTTO CONVERTIBLE PROMISSORY NOTE
This AMENDMENT TO CONVERTIBLE PROMISSORY NOTE (the “Amendment”) is made and executed as of March 12, 2025, by and between Li-Kuo Lee (the “Purchaser” or “Holder”) and Ainos, Inc., a Texas corporation (the “Company”).
Background
| A. | On<br> March 13, 2023, the Company executed and delivered to Purchaser a convertible promissory<br> note (the “Note”) in the principal amount of One Million Dollars (USD<br> $1,000,000). |
|---|---|
| B. | Purchaser<br> and Company desire to enter into this Amendment to amend certain provisions of the Promissory<br> Note. |
| --- | --- |
Agreement
NOW, THEREFORE, in consideration of the reasons set forth above and the mutual promises and covenants contained in this Amendment and the Note, the parties hereto agree as follows:
1. Definitions. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Note.
2. Amendment to the Note.
2.1 Section 1 of the Promissory Note is hereby amended in its entirety to read as follows:
“1. Maturity. Unless converted or repaid pursuant to Section 2 or Section 3, the entire unpaid principal sum of this Note will mature, and be due and payable in full, on May 13, 2025 or any later date as the Holder and the Company may otherwise agree in writing (the “Maturity Date”). Notwithstanding the foregoing, the entire unpaid principal sum of this Note shall become immediately due and payable upon the commission of any act of bankruptcy by the Company, the execution by the Company of a general assignment for the benefit of creditors, the filing by or against the Company of a petition in bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for a period of ninety (90) days or more, or the appointment of a receiver or trustee to take possession of the property or assets of the Company.”
3. Miscellaneous.
3.1 The background paragraphs set forth above are incorporated herein and made a part hereof for all purposes.
3.2 Except as specifically amended hereby, the remaining terms and provisions of the Note shall not be affected by this Amendment and shall remain in full force and effect. The Note, as amended by this Amendment, is ratified and affirmed by Purchaser and Company in all respects.
3.3 This Amendment may be executed in any number of counterparts, each of which counterpart shall be deemed to be an original, and all such counterparts taken together shall constitute but one and the same instrument. The parties agree that signatures delivered via facsimile, electronic mail (including pdf) or other transmission method shall be deemed to have been duly and validly delivered, are true and valid signatures for all purposes hereunder and shall bind the parties to the same extent as that of original signatures.
3.4 The term of this Note as used in this Amendment, and all instruments and agreements executed thereunder, shall for all purposes refer to such instruments and agreements, respectively, as amended by this Agreement.
3.5 This Amendment and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Texas, without giving effects to principles of conflicts of law.
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| 1 |
| --- |
IN WITNESS WHEREOF, the Company and Purchaser have executed and delivered this Amendment as of the date first set forth above.
| COMPANY: |
|---|
| AINOS,<br> INC. a Texas corporation |
| /s/ Chun-Hsien Tsai |
| Name: |
| Title: |
| PURCHASER: |
| LI-KUO<br> LEE. |
| /s/ LI-KUO LEE |
| Name: |
| Title: |
| Principal<br> Amount: 1,000,000 |
All values are in US Dollars.
| 2 |
| --- |